NOTES TO THE FINANCIAL STATEMENTS Definition

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NOTES TO THE FINANCIAL STATEMENTS is a detailed set of notes immediately following the financial statements contained in the annual report that expands upon and/or explains in some depth the information contained in the financial statements.

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DEPRECIATION REVERSAL is the reversal of a depreciaton amount in the depreciation reserve account.

COLLECTION PAPERS are those documents specified as necessary for payment to be made, such as the commercial invoice, certificate of inspection, and bill of lading.

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